Search
 

Andrew Merin on Last Week's Poll

'I would buy a nice rental complex.'

By Brianne Harrison | Updated on March 07, 2008

IF YOU WERE LOOKING TO INVEST IN REAL ESTATE, WHAT WOULD YOU INVEST IN?

Current market conditions are clearly causing a crisis of confidence among our poll-takers. Despite the fact that the slow times can’t last forever, 21% of this week’s poll respondents said they wouldn’t invest in real estate at all, even if they’d just won the lottery. Others were more optimistic. Nearly half (43%) said they would invest in retail and almost a quarter (21%) would choose industrial. Nobody chose office property as a wise investment, and only a handful (15%) would put their money into multifamily. Andrew Merin, vice-chairman and CUshman & Wakefield and head of the company’s metro-area capital markets group, is part of that 15%. Here’s what he had to say:

“We’re seeing a flight to safety. If I won the lottery, I’d want a safe, good return with a good upside in today’s market and maybe even something I could leverage by putting financing on it, which is a challenge in today’s world.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.